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Education gets highest allocation in 2011 Philippine budget

December 29th, 2010 davidguide

Vittorio Hernandez – AHN News

Manila, Metro Manila, Philippines (AHN) – Philippine President Benigno Aquino III signed Monday the $36.4 billion (PHP 1.6 trillion) national budget for 2011. The biggest allocation went to education, followed by national defense and public works and highways.

It was the first time since 1999 that the Philippine budget was signed into law on the same year it was submitted, indicating improved relationship between the executive and legislative branches of government. It used a zero-based budgeting approach in which allocations were justified before they were approved, unlike the previous budgets in which the existing allocations were merely added or reduced.

With the highest allocation to education, Aquino said the budget would permit the building of new classrooms and employment of new teachers.

The president also vetoed 13 items in the budget, which is 6.8 percent higher compared to the current budget. Aside from placing top priority on education, the budget also focuses on social programs by including a $478.3 million (PHP 21 billion) allocation for a cash handout program to poor Filipino families.

Aquino gets in the budget a $27.3 million (PHP 1.2 billion) confidential and intelligence fund that does not have to go through the Commission on Audit.

Article © AHN – All Rights Reserved

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Posted in Money For College Tags: AHN, Benigno, benigno aquino iii, budget, defense, filipino families, Law, legislative branches, Metro, metro manila philippines, national budget, philippine president, zero based budgeting

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